EX-12.1 2 vtr-ex121_2016930.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Exhibit


Exhibit 12.1

STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 
 
 
(dollars in thousands)
 
For the Nine Months Ended September 30, 2016
Income before unconsolidated entities, income taxes, discontinued operations, real estate dispositions and noncontrolling interest
 
$
380,976

Interest expense
 
 
Senior notes payable and other debt
 
312,001

Distributions from unconsolidated entities
 
5,574

Earnings
 
$
698,551

Interest
 
 
Senior notes payable and other debt expense
 
$
312,001

Interest capitalized
 
1,460

Fixed charges
 
$
313,461

 
 
 
Ratio of Earnings to Fixed Charges
 
2.23